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Enit
Enith is 65 years old and lives in Polo Nuevo, located in the northeast zone of the Department of the Atlantic, in the geological basin of the Magdalena River. She lives there with her husband and has 2 children. She is in the retail traD.. She sells a variety of merchandise on a retail basis from a sales point located on a highly traveled road, which is good for her sales volume. Enith started her business in 2006 when she became unemployed, and thanks to the initiative of her daughter who already had this kind of business, she began to sell products ordered from specialty catalogs. She bought a display case and stocked it with products provided by her daughter. Gradually she built up some capital, which she used to add shoes, women's clothing and other products in demand among her domestic customers. Currently, she sells retail on a cash basis and also on credit based on orders from her customers, with whom she works out the form of payment. Her goal for the future is to expand her business until it becomes a well-known store in Polo Nuevo, stocked with everything that the local inhabitants need and are able to buy. With her Kiva loan, her first financing with the Mario Santo Domingo Foundation, she will buy paper goods and clothing products, for which there is very little competition in the village, and which will make her investment successful. Her greatest challenge is her insufficient working capital, which she plans to gradually increase through future Kiva loans and her own working discipline. Meanwhile, her business enjoys liquidity, its accounts receivable turn over appropriately for this type of business, and her profitability level provides enough solvency to cover her expenses.
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Enith D. 65 años vive en Polo nuevo ubicado en la zona nororiental del Departamento del Atlántico, en la cuenca hidrográfica del Río Magdalena, allí vive con su esposo, tiene 2 hijos y se dedica a la actividad mercantil. Ella venD. mercancía variada al detalle en un punto comercial ubicado en una vía muy transitada, lo cual potencializa el volumen D. sus ventas. Enith inició su negocio desD. el año 2006 cuando quedando desempleada y comenzó, por iniciativa D. su hija que ya tenía como negocio, vender productos mediante guías especializadas, comprando una vitrina surtiéndola D. productos que le abastecía su hija, gradualmente fue construyendo un capital con el cual adicionó calzado ropa femenina y otros productos que pedía su doméstica clientela. En la actualidad venD. D. contado y también a crédito al detalle mediante pedidos D. sus clientes con los cuales planea la forma D. pago. Su meta más adelante es ampliar su negocio hasta convertirlo en un almacén muy reconocido en Polonuevo, por tener todo lo que sus habitantes necesitan y pueden comprar. Con su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, comprará artículos D. papelería y productos D. confección D. los cuales hay muy poca competencia en el pueblo y que harán que su inversión sea exitosa. Su mayor desafío es el insuficiente capital D. trabajo, que gradualmente planea aumentar mediante sus credikiva futuros y su disciplina D. trabajo. Mientras esto ocurre su negocio presenta liquidez, sus cuentas por cobrar rotan apropiadamente para este tipo D. negocios y su nivel D. rentabilidad demuestra solvencia para responder a sus gastos.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $6,070
    Average annual income
  • 233
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Enit to buy paper goods and clothing products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2011
Listed
Aug 2, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2013